HSN Code 72011000: Pig Iron and Iron Ore
HSN Code 72011000 represents Pig Iron and Iron Ore under GST classification. This code helps businesses identify Pig Iron and Iron Ore correctly for billing, taxation, and trade. With HSN Code 72011000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import or export of Pig Iron and Iron Ore.
Experience the power of Expert Accounting
Join our guided walkthrough to see how BUSY can transform your business operations.
Description of Goods for HSN Code 72011000
HSN Code 72011000 relates to the following description.
What does HSN Code 72011000 not include?
Pig Iron and Iron Ore does not include products with the following descriptions.
Non-alloy pig iron containing by weight more than 0.5% of phosphorus
Alloy pig iron; spiegeleisen : Cast iron
Alloy pig iron; spiegeleisen : Other
India’s Trade Performance — HSN Code 72011000 in FY 2024-25
India’s Exports
FY 2024-25₹974 Cr
0.0265% of India’s total exports
India’s Imports
FY 2024-25₹633 Cr
0.0104% of India’s total imports
Trade Balance
FY 2024-25₹340 Cr
Surplus rank #833 of 12657 HSN codes
% of Sub-Chapter 7201
FY 2024-2599.62%
Share of Sub-Chapter 7201’s total exports in FY 2024-25
Import side: 56.86% of Sub-Chapter 7201’s imports
Rank Within Sub-Chapter 7201
FY 2024-25#1 of 4
Position by export value among HSN codes in Sub-Chapter 7201
Import-side rank: #1 of 4
At a glance
2.90%
Export CAGR
FY 2018-19 → FY 2024-25 · 7 fiscal years
#539
National Export Rank
of 12657 HSN codes by export value, FY 2024-25
+208.66%
Peak Growth Year
FY 2020-21 · strongest single-year move
99.62%
Contribution to Sub-Ch. 7201
Share of Sub-Chapter 7201 exports in FY 2024-25
India Export-Import Trade Statistics for HSN Code 72011000
7-year export and import data, FY 2018-19 to FY 2024-25, in ₹ Crore. Source: Ministry of Commerce & Industry, TradeStat EIDB.
Balance
+779.36
Exports
820.37 ₹ Cr
0.0359% share
— YoY
99.55% of Sub-Ch. 7201
Imports
41.01 ₹ Cr
0.0011% share
— YoY
49.76% of Sub-Ch. 7201
Balance
+498.01
Exports
524.25 ₹ Cr
0.0238% share
−36.10% YoY
99.43% of Sub-Ch. 7201
Imports
26.24 ₹ Cr
0.0008% share
−36.02% YoY
45.78% of Sub-Ch. 7201
Balance
+1,588.26
Exports
1,618.13 ₹ Cr
0.0752% share
+208.66% YoY
99.93% of Sub-Ch. 7201
Imports
29.87 ₹ Cr
0.0010% share
+13.83% YoY
81.28% of Sub-Ch. 7201
Balance
+3,274.10
Exports
3,306.64 ₹ Cr
0.1054% share
+104.35% YoY
98.46% of Sub-Ch. 7201
Imports
32.54 ₹ Cr
0.0007% share
+8.94% YoY
51.10% of Sub-Ch. 7201
Balance
+2,084.41
Exports
2,470.00 ₹ Cr
0.0682% share
−25.30% YoY
90.32% of Sub-Ch. 7201
Imports
385.59 ₹ Cr
0.0067% share
+1,084.97% YoY
78.11% of Sub-Ch. 7201
Balance
+382.02
Exports
1,460.98 ₹ Cr
0.0404% share
−40.85% YoY
99.87% of Sub-Ch. 7201
Imports
1,078.96 ₹ Cr
0.0192% share
+179.82% YoY
91.86% of Sub-Ch. 7201
Balance
+340.38
Exports
973.64 ₹ Cr
0.0265% share
−33.36% YoY
99.62% of Sub-Ch. 7201
Imports
633.26 ₹ Cr
0.0104% share
−41.31% YoY
56.86% of Sub-Ch. 7201
CAGR · 7-Year
Exports
2.90% /yr
Imports
57.80% /yr
reference, FY 2024-25
Export
₹977.33 Cr
Import
₹1,113.74 Cr
Trade Balance
−136.41
Key Trade Insights: HSN Code 72011000 Export-Import Analysis
Consistent Export Growth: 2.90% CAGR Over 7 Years
India's exports under HSN Code 72011000 have grown at a compound annual rate of 2.90% over 7 fiscal years, rising from ₹820.37 Crore in FY 2018-19 to ₹973.64 Crore in FY 2024-25.
HSN Code 72011000 Ranked #539 Among All 12657 HSN codes by Export Value
In FY 2024-25, HSN Code 72011000 ranks #539 out of 12657 HSN codes by total export value. Within Sub-Chapter 7201, it ranks #1 of 4. By trade surplus, it ranks #833 of 12657.
FY 2020-21 Was the Strongest Growth Year for HSN Code 72011000 Exports
The strongest single-year export movement for HSN Code 72011000 was recorded in FY 2020-21, when exports surged by 208.66% over the prior year.
India Maintains a Trade Surplus of ₹340.38 Crore in HSN Code 72011000 Goods
In FY 2024-25, India's exports of ₹973.64 Cr exceeded imports of ₹633.26 Cr, resulting in a trade surplus of ₹340.38 Crore — ranking #833 of 12657 by surplus magnitude.
Import Growth of 57.80% CAGR Signals Rising Demand for Pig Iron and Iron Ore
India's imports under HSN Code 72011000 have grown at 57.80% CAGR, reaching ₹633.26 Crore in FY 2024-25.
HSN Code 72011000 Contributes 99.62% of Sub-Chapter 7201 Exports — Ranked #1
Among the 4 HSN codes under Sub-Chapter 7201, HSN Code 72011000 ranks #1 by export value — accounting for 99.62% of the sub-chapter's total exports in FY 2024-25. On the import side, it holds 56.86% share (rank #1).
Stop worrying about
HSN & TAX compliance
BUSY auto-applies the correct HSN codes & GST rates, ensuring 100% error-free billing every single time.
Frequently Asked Questions
Clear answers to common queries about HSN Code 72011000 and GST compliance.
What products are classified under HSN 72011000 ?
It includes Other Ferroalloys
How much GST applies to Pig Iron and Iron Ore?
Under HSN 72011000, Pig Iron and Iron Ore attracts Varies when sold in taxable form. Describe the exact form on the invoice.
How should mixed supplies be billed when Pig Iron and Iron Ore is sold with other items?
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Pig Iron and Iron Ore; Nil for exempt items if applicable).
Does packaging or labelling change the GST for Pig Iron and Iron Ore?
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
Any common misclassification issue with Pig Iron and Iron Ore?
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Can we claim ITC on inputs used to trade Pig Iron and Iron Ore?
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.